Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-16

paid for August and September, but pressure to
sell was great. Failures in Chicago started
everybody to selling and the only demand
came from shorts. Close was tame am 2!Gl &c
below Yesterday No red cash TSc; June
7507S1Ic, closing at 76c; July 74's 7jc, closing
at 74'sC; August 14>s GI6Sc, closing at 15tsc ;
September 76I "a 7sc closing at 762Ic. Corn I'M
s. tiled and irregular; Dash 3i5l G35c; JAY STA
Sac, closing at SAC; August 35635 &c, closing
at 35C; Septemb r 35c. Oats dull, but steady,
| cash 27G27sSc June &c; July 2Skc. Cornmeal
81 %. Provisions dul, lower ana unsettled.
| Pork irregular; new $40 co. Lard 50 . Dry
clears 81 60; clear ribs 81 20: short clear
81 50 Bacon-BONed shoulders ST l2lsG6 81;
long clears SIS 4OGS 50; clear ribs s. iOGS 80;
short clear S. SOFAS 20. Hams Market steady at
Sll 2j0li co. Afternoon bOard-Wheat iIregu-
lar; July 74ssc; August 151ci September 1850.
COrn-Market was firm. Ga Nothing done.
CHICAGO ILL, june 15.-Everybody was on
the qul vive for developments, and while the
excitement did not run as high as yesterday,
the feeling was far more nervous and feverish.
The uncertainty of the financial standing of
some of the houses was what caused the
greatest anxiety, and as one firm after another.
some twelve to fourteen in all,gaYe notice that
they were unable to pay further margin
on their traces and asked o have trades closed
out anxiety increased, none knowing who
would be next. Outside influence counted for
nothing; everything depended on local devel-
opments. Many commission merchants have
refused temporarily TO make new trades and
!
of their old business, The opening was Wild
End excited, and as the announcement mt was
MADE by one of the principal firms connected
with long side that all margins would be put
up the market became very s.rong and prices
were after numerous sudden fluctuations
started M, advancing to "a points higher for
IL higher for other futures than
closing figures of yesterday, but the advance
brought out heavy offerings again and then
came the announcements one after another
from firms to close their trades and the panic
quickly followed. Fluctuations were very ire
qurnt, but each temporary reaction resulted in
the prices dropping lower and lower until
toward noon. when there was temporarily a
lull and the market ruled steady for a while
Operators expected some further important
amour emenL at noon, and for five minutes
deathiike stiffness reigned, but in this short IN
teryal the hsnds of the whe2t indicator quickly
recorded drop of HGlc at the time until " /
touched zoe. Never before IN the history of
wheat trade has such appalling stiffness Ieigned
with wheat dropping &c in less than that many
minutes. Operators gaZed blankly at one an |
other, not knowing wnere the end would be. |
But q reaction came, and the price OF July !
gradually shot up &c AM lC, at one time sell |
ing TO &c, followed by numerous fluctuations. |
The decline for July from the h .gnest point !
reached last week was ll5sc, closing about 25sc /
lower than yesterdays closing. June declined |
CSC from the highest point reached this morn |
ing and 252lc from the highest point reached !
yesterdays prize More deferred futures
ruled a premium over near futures, but all sold /
lower, august dI Illn6 S ruling &c, september /
2S5c, and December sc lower than the closing |
figures of Yesterday afternoon, and closed at |
from 1162C lower. Home markets were all |
very unsettled and generally lower. FOREIGN
markets were depressed, and the quantity of
wheat on ocean passage showed large in
crease. Corn was unsettled, weak and lywer
Trading was OF fair volume, with considerable
long" corn on the market, and several lots
closed out, The market acted somewhat in
sympathy with the wheat market; opened eX-
cited at about &C higher than closing figures
Of nafp a6y-f nr - ttar "A
weak, dec ined IN all lGllsc, huctuated somek
and closed sc lower Tor July and sc higheLf
for August than yesterday. July opened rsf
81 zG3I'sc, and closed at &c. August opesed
at 5S5 assoc, and closed at 3Ss Provisions
was brisk, cut the market was nervous and IN
settled throughout the day IN sympathy with /
excitement and weakness in grain. Free of Il
terings on behalf OF suspended firms was The
main cause of q sharp decline in prices, i
though weakness in sides were traded IN very i
freely, and the demand was fairlXt
active from those VINO we've anXiog9k
to secure their profits Prices fuCtuat5df
wildly, especially between 10 and II O'Clock
their trades, July, August and September ue
liveries met with more attention and with more
closing up trades than transferring ahead.
Prices were lower, but the market closed
steadier.l July lard opened at s. 50, ana closed
at So 52b. July ribs opened at s. 50, and closed
al s. 3IH: Leading futures closed as follows:
September 76c Corn-June 36c; July &c; Au
gust 3S4c; September SEC. POrk-June
so 90. Lard-June Sc ~; July s. Ok; AU-
gust IS 623s; September Sc 221E. Short ribs
June 81 3T1s July 81 5TI5; August 81 AZ sep.
TENDER s. 57H. Cash quotations were: Flour
lied dull and was. neglected, with prices
uns ettled owing to eX -iTement in wheat; No. ,
spring wheat 10Ilc; No. ,, red. 7On CHS. No
corn 354 TS55sc. Mess pork sd CO. Lara
So i2h G6 45; short ribs, sides, loose, 81 SOC
35i dry sslted shoulders, BOXED, s. 60dj 70,
short clesr sidee, boxed, 81 75G7 50.
NEW YoaK, June l5.-Flour unsettled and
weaker Wheat &c lower and heavy Expert
trading fair. Options nervous and at times
Srea.ly excited and In sympathy with the west,
due to numerous failures and general settl nS.
Prices advanced 4 q &C early, later became de
cidedly weaker and declined ] = G31kc, most
marked on June, closing heavy and showing
irregular reaction OF hGlci speculation quits !.